UK - FTSE has launched a new index, the FTSE techMARK mediscience, designed to reflect the performance of growth companies listed on the London Stock Exchange's new market, techMARK mediscience. FTSE techMARK mediscience will benchmark small and mid-caps from the healthcare industry, and will be reviewed quarterly. LSE's techMARK - a global market for tech firms - was launched in November 1999 and now comprises 246 companies, 12 of them from outside of the UK.
By Madhu Kalia
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.